Natixis Invests $6.70 Million in TPG Inc. (NASDAQ:TPG)

Natixis purchased a new stake in shares of TPG Inc. (NASDAQ:TPG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 106,654 shares of the company’s stock, valued at approximately $6,702,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ORG Wealth Partners LLC bought a new position in shares of TPG in the fourth quarter worth $33,000. R Squared Ltd purchased a new position in TPG during the 4th quarter valued at about $97,000. Wedmont Private Capital bought a new stake in shares of TPG during the fourth quarter valued at about $204,000. Shoker Investment Counsel Inc. lifted its holdings in shares of TPG by 10.4% in the fourth quarter. Shoker Investment Counsel Inc. now owns 3,889 shares of the company’s stock worth $244,000 after buying an additional 366 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of TPG by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,134 shares of the company’s stock valued at $260,000 after acquiring an additional 1,345 shares during the period. 94.03% of the stock is owned by institutional investors.

Insider Activity at TPG

In other TPG news, General Counsel Bradford Berenson sold 2,509 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $50.04, for a total value of $125,550.36. Following the completion of the transaction, the general counsel now directly owns 290,841 shares in the company, valued at approximately $14,553,683.64. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 76.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on TPG shares. JMP Securities reiterated a “market perform” rating on shares of TPG in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price on TPG from $66.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley reiterated an “equal weight” rating and set a $47.00 price target (down previously from $80.00) on shares of TPG in a research report on Monday, April 14th. Evercore ISI raised their target price on shares of TPG from $65.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, February 12th. Finally, Citigroup cut their price target on shares of TPG from $72.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $58.25.

TPG Price Performance

TPG opened at $43.51 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.18 and a quick ratio of 0.25. The stock’s 50 day simple moving average is $49.86 and its 200 day simple moving average is $60.25. The firm has a market cap of $16.08 billion, a price-to-earnings ratio of -98.89, a PEG ratio of 0.80 and a beta of 1.58. TPG Inc. has a 1 year low of $37.52 and a 1 year high of $72.98.

TPG (NASDAQ:TPG) last issued its earnings results on Tuesday, February 11th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.10. TPG had a net margin of 0.67% and a return on equity of 24.66%. As a group, analysts predict that TPG Inc. will post 2.52 earnings per share for the current year.

TPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from TPG’s previous quarterly dividend of $0.38. This represents a $2.12 annualized dividend and a dividend yield of 4.87%. TPG’s dividend payout ratio (DPR) is presently -481.82%.

TPG Company Profile

TPG Inc operates as an alternative asset manager in the United States and internationally. The company offers investment management services to TPG Funds, limited partners, and other vehicles. It also offers monitoring services to portfolio companies; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies.